TRUMP
Olumide Adesina•Sunday, January 19, 2025•1 min read
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Coinbase and Binance announced that the “official” meme coin of the second Donald Trump administration will be available on their platform.
Coinbase announced its intention to list the TRUMP token. It announced through its Coinbase Assets X account, which offers details on new assets; however, the exchange did not specify a specific listing date. Binance announced that it would begin trading the TRUMP token on January 19.
The token is also available on other centralized exchanges, including Bitget, KuCoin, and Kraken. Its market value is slightly over $8 billion, and its trading volume is roughly $15 billion.
TRUMP’s token introduction on the Solana blockchain has rapidly gained widespread attention, taking over social media and igniting a flurry of discussions, misunderstandings, and FOMO (fear of missing out).
According to the $TRUMP website, CIC Digital, a Trump Organization affiliate, and Fight Fight Fight, a co-owned company, control 80% of the coin.
The release of the meme coin, which coincides with Trump’s impending inauguration, has increased interest as questions about the new administration’s potential impact on cryptocurrency continue to arise.
The cryptocurrency community waits for Trump’s policies as he gets ready to take office and how they might affect digital assets in the future. The dramatic debut of $TRUMP is only the beginning, and many people await further developments in the days ahead.
President Trump intends to issue executive orders regarding Bitcoin and the larger cryptocurrency sector. One of the main objectives of his campaign was promoting a more lenient regulatory framework for digital currencies.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
